Patten Group Inc. Purchases 18,899 Shares of Invesco Taxable Municipal Bond ETF $BAB

Patten Group Inc. lifted its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 22.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 104,654 shares of the company’s stock after buying an additional 18,899 shares during the quarter. Patten Group Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $2,847,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BAB. Chapman Financial Group LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF during the second quarter valued at approximately $42,000. Premier Financial Group purchased a new stake in Invesco Taxable Municipal Bond ETF in the third quarter worth approximately $54,000. Clayton Financial Group LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the third quarter worth approximately $55,000. AE Wealth Management LLC boosted its holdings in Invesco Taxable Municipal Bond ETF by 1,726.2% in the third quarter. AE Wealth Management LLC now owns 2,575 shares of the company’s stock worth $70,000 after purchasing an additional 2,434 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the fourth quarter worth approximately $105,000.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of BAB stock opened at $26.97 on Tuesday. Invesco Taxable Municipal Bond ETF has a 12-month low of $25.65 and a 12-month high of $27.73. The firm’s 50 day moving average is $27.18 and its 200 day moving average is $27.27. The stock has a market capitalization of $1.03 billion, a P/E ratio of -202.23 and a beta of 0.33.

About Invesco Taxable Municipal Bond ETF

PowerShares Build America Bond Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called The BofA Merrill Lynch Build America Bond Index (the Index). The Fund will normally invests at least 80% of its total assets in the securities that comprise the Index. The Index is designed to track the performance of the United States dollar-denominated Build America Bonds publicly issued by the United States and territories, and their political subdivisions, in the United States market.